Post-95s leader Zhang Junjie leads Ba Wang Cha Ji to land on NASDAQ! The first cup of Chinese tea has arrived on the US stock market!
On April 17th, Eastern Time, Ba Wang Cha Ji officially listed on NASDAQ, becoming the first Chinese tea brand to be listed in the United States, with the stock code 'CHA'. This marks an important step in the globalization of Chinese tea brands, opening a new chapter in the international market.
In this listing, Ba Wang Cha Ji set the IPO price at $28, at the high end of the pricing range ($26 to $28), successfully issuing 14.68 million American Depositary Shares (ADS), raising a total of $411 million, and its market value once soared to $5.139 billion. This is not just a listing of a brand, but a symbol of Chinese tea culture going global.
Behind the success of Ba Wang Cha Ji is a team led by post-95s founder Zhang Junjie, who, full of youth, energy, and innovative spirit, has combined traditional Chinese tea culture with modern consumer trends to create this uniquely distinctive tea brand.
This also means that the recognition and influence of Chinese tea brands in the international market will be significantly enhanced, and whether a wave of 'Chinese tea trend' will emerge in the future is worth looking forward to! #纳斯达克